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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: kha vu who wrote (48086)	7/2/1999 10:52:00 AM
From: Street Walker	Respond to of 120523

GUMM - thanks - read this: 5.9 million Float// the trading float is much smaller It will behave like it has 1.9 million float because roughly ~4 million of the float is held by long term holders who have extremely high price targets in the long term and have no plans to sell. Each time the effective float of 1.9m is recycled the support level rises. As the effective float is recycled there will be shareholders who will simply not sell. Which means the effective float decreases while demand increases. Lets brainstorm: 1.9 million in the trading float, and there are 900k shares shorted, hmmmmmm. What will happen if all the share holders of the 1.9 million decide not to sell ? S.W.